“MAKING THE BEST OF A BAD SITUATION”
Ryan La Haye
Nov 14, 2019
LIFE HAPPENS…
Loss of employment, divorce, unexpected or chronic medical expenses are but a few examples of undesired life events which can result in homeowners defaulting on mortgage payments and finding themselves in the midst of legal action from their mortgage provider.
What to do, where to turn?
Not sure where to turn when facing losing your home? People in financial crisis mode often may not realize that there is a solution to avoid losing their home. The Orderly Sale is a creative way to maximize the preservation of equity in your property during just such a crisis while alleviating the stress of having to deal with the thought of losing your home to your financial institution.
This unique program buys the homeowner time to sell his property at a marketable price, and is structured to work with the client’s cash flow problems. The Orderly Sale is designed to leave the client in a position to restart and rebuild.
Peace of mind can be closer than you realize
The first step of The Orderly Sale model is to evaluate the client’s financial liabilities associated with the property, says Peter Galli, president of PENTOR Finance. This takes into consideration the mortgage debt, arrears, property tax arrears and any legal fees associated with remedying the default. When possible, payments can be included in the financing. This provides homeowners with payment relief which allows them to focus on selling their home and regain peace of mind.
The next step is determining the selling price – this should reflect current market conditions and not the “emotional price” that we often believe our home is worth says Galli. In an orderly sale, the property sits just below market value. It sells faster than it would at an emotional price and for a significantly greater amount than in a fire sale. The orderly sale is structured to maximize the preservation of equity in the home.
The Orderly Sale allows the homeowner the opportunity to start over. By choosing this strategy the client reduces his short-term cash flow problems, has greater peace of mind and can focus on rebuilding his financial future.
Don’t wait any longer, call a member of team RLH immediately for more information on this and other mortgage solutions.
Loss of employment, divorce, unexpected or chronic medical expenses are but a few examples of undesired life events which can result in homeowners defaulting on mortgage payments and finding themselves in the midst of legal action from their mortgage provider.
What to do, where to turn?
Not sure where to turn when facing losing your home? People in financial crisis mode often may not realize that there is a solution to avoid losing their home. The Orderly Sale is a creative way to maximize the preservation of equity in your property during just such a crisis while alleviating the stress of having to deal with the thought of losing your home to your financial institution.
This unique program buys the homeowner time to sell his property at a marketable price, and is structured to work with the client’s cash flow problems. The Orderly Sale is designed to leave the client in a position to restart and rebuild.
Peace of mind can be closer than you realize
The first step of The Orderly Sale model is to evaluate the client’s financial liabilities associated with the property, says Peter Galli, president of PENTOR Finance. This takes into consideration the mortgage debt, arrears, property tax arrears and any legal fees associated with remedying the default. When possible, payments can be included in the financing. This provides homeowners with payment relief which allows them to focus on selling their home and regain peace of mind.
The next step is determining the selling price – this should reflect current market conditions and not the “emotional price” that we often believe our home is worth says Galli. In an orderly sale, the property sits just below market value. It sells faster than it would at an emotional price and for a significantly greater amount than in a fire sale. The orderly sale is structured to maximize the preservation of equity in the home.
The Orderly Sale allows the homeowner the opportunity to start over. By choosing this strategy the client reduces his short-term cash flow problems, has greater peace of mind and can focus on rebuilding his financial future.
Don’t wait any longer, call a member of team RLH immediately for more information on this and other mortgage solutions.
Rlahaye@planipret.com
/en/broker/ryan-la-haye
Bureau: 450.629.3101
Fax: 514.221.3287
1545 de l’Avenir, suite 220
Laval, Québec H7S 2N5
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